The Strait of Hormuz has long been the world’s most critical energy chokepoint—handling roughly 20 million barrels per day (b/d) of oil and a significant share of global LNG before the 2026 crisis. But Iran’s de facto closure of the strait since late February 2026, amid escalating conflict, has forced a permanent rethink. Even if […]
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In a major step forward for U.S. floating LNG technology, Delfin Midstream has reached a Final Investment Decision (FID) on its first FLNG project offshore Louisiana. The 4.4 million tonnes per annum (mtpa) facility will become the first floating liquefaction unit in the United States and the world’s largest FLNG vessel. Samsung Heavy Industries secured […]
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In a sharp escalation of the ongoing 2026 Iran conflict, Iranian drones and missiles struck Kuwait International Airport overnight on June 2-3, hitting Terminal One and causing significant material damage. Kuwaiti authorities reported at least one fatality and dozens of injuries (with some sources citing up to 63 wounded), prompting the immediate suspension of all […]
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In a stark warning delivered at S&P Global’s Middle East Petroleum & Gas Conference in London, Vitol board member Tom Baker pulled no punches: “In Europe and I think in the US, everyone is kind of asleep at the wheel and just carrying on life as normal.” Vitol, one of the world’s largest independent oil […]
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Venture Global, Inc. (NYSE: VG), a leading U.S. liquefied natural gas (LNG) developer and exporter, announced on June 1, 2026, that its wholly-owned subsidiary, Venture Global LNG, Inc. (the Issuer), intends to offer $2.25 billion in aggregate principal amount of senior secured notes due 2034 and 2036. The proposed private offering targets qualified institutional buyers […]
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The global LNG market, once prized for its transparency and reliability, is rapidly adopting the opaque tactics of the shadow oil trade. As the Iran conflict—sparked by U.S. and Israeli strikes in late February—continues to throttle flows through the Strait of Hormuz, major Gulf producers like Qatar and the UAE are turning off AIS transponders […]
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In an era of surging global energy demand driven by AI, manufacturing resurgence, and geopolitical realities, Texas stands as the undisputed leader in American energy production, infrastructure, and innovation. The Lone Star State isn’t just keeping pace—it’s defining the future of reliable, affordable, and dominant energy. From record-breaking oil and gas output to a massive […]
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Iran is pushing ahead with legislation to formalize its “management and sovereignty” over the Strait of Hormuz, including provisions for shipping security, navigation and environmental fees, and a regional development fund — moves widely interpreted as establishing a toll-like system and de facto control. A senior Iranian lawmaker, Alireza Salimi, stated that only Iran and […]
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As global energy markets swing wildly on every headline from the Middle East, historian Niall Ferguson aptly dubs the latest chapter “The Endless Almost-Deal in Iran.” Since the dramatic escalation on February 28, 2026—when U.S. and Israeli strikes (part of what some reports call Operation Epic Fury) targeted Iranian leadership and facilities, reportedly killing Supreme […]
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The International Energy Agency (IEA) has just released its World Energy Investment 2026 report, the 11th edition of its flagship annual benchmark on global capital flows in the energy sector. Released amid the ongoing Middle East conflict and heightened energy security concerns (including disruptions linked to the Strait of Hormuz), the report projects total global […]
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